Matthew Bishop of The Economist discusses the theory behind his new book Philanthrocapitalism: How The Rich Can Save The World.

He highlights the effective ways new philanthropists are working to solve the world's most intractable problems.

Matthew Bishop

Matthew Bishop is the U.S. business editor and New York bureau chief of The Economist. His new book, The Road from Ruin: How to Renew Capitalism and Put America Back on Top, with Michael Green, was published by Crown in February 2010. Philanthrocapitalism, his previous book (also with Mr. Green) was on the global revolution under way in philanthropy. Mr. Bishop is also the author of Essential Economics, The Economist's official layperson's guide to economics.